The centerpiece of the Securities Act of 1933 is Section __________, which makes it illegal to sell any security by use of mail or facilities of interstate commerce unless the security has been registered or unless the security fits into one of the statutory exemptions.

Question

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Section 5 of the Securities Act of 1933 is the centerpiece that makes it illegal to sell any security by use of mail or facilities of interstate commerce unless the security has been registered or fits into one of the statutory exemptions.

The Centerpiece of the Securities Act of 1933 Is Section